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Search Results 0 to 29 of about 30 (some duplicates have been removed)
in the economy and the lack of topline growth you're seeing from big companies reporting, like heather was referring to. >> rob, that was my point, really, is this change in market psychology. during the first quarter, that seemed to be how the market rationalized moving higher. even with a bad economic report, the fed is going to still be pumping out the $85 billion a month, so we shouldn't worry. but now we seem to be worried this week. what's going on? >> yeah, bill. i'm getting worried. i think the market psychology has changed a bit, so now we actually need good news to propel stocks higher, and i've been overweight stocks for 18 months now, but i've gotten a little more defensive here. i upgraded consumer staples, downgraded materials. haven't gone to an underweight on stocks yet, but i'm watching closely. as greg just mentioned, if the economic indicators are for the third summer in a row, turning down, this might be another sell in may, go away type summer. i don't think we're quite there yet, though. >> what are the most important numbers that we're looking at here, after the
of tumultuous, russia's president is coming under controver controversy. while russia's economy hadn't performed badly last year, falling commodity prices risk pushing the country into recession. these comments come just hours after president putin threatened to fire officials for not following his orders on public spending. geoff cutmore is outside this event. what are you hearing about these concerns and the russian economy overnight? >> reporter: absolutely. fascinating issue. we clearly see some risks emerging in the russian government at this point. and i just want to put that issue to one side for a moment. because i have with me li jiaoung. he is a former chinese minister. i'm fortunate to get the opportunity to talk to him at this event. thanks very much for speaking to me. if i could just start off by asking you, clearly, the world has been focused on the terrorist events in boston and this tragic, very un pleasaplea event. i wonder if you could dwifs a perspective from the chinese point of view here because nobody wants to see terrorism and in particular i think the chinese have an int
insight on the global economy, as well as the impact of new security concerns in light of the tragic and deadly bombings in boston. >> yeah, it was of course, at this hour when we first learned yesterday of the horrific events unfolding in boston. that is where our scott cohn is right now with the very latest. scott, one day later, what can you tell us? >> reporter: maria, 24 hours after the horrific attacks, it is still an intense crime scene behind me, as authorities try to search for any clues about who did this and why. u.s. attorney general eric holder out with a statement a short time ago, again, calling on the public to help, saying no bit of evidence is too small. they are looking for cell phone video, anything that can help them figure out and piece the facts together. we also know that the boston athletic association, which stages this marathon every year, had three surveillance cameras at the finish line. the company that provided those cameras under a sponsorship agreement tells cnbc they are cooperating with authorities. we will see whether that yields anything, but what
say that the last ten years has been very bad for the economy. we've lost a lot of valuable resources and a lot of the momentum that we've had on. before, we had open markets and entrepreneurship and that's what helped china succeed. we have to go back to market forces as well as fight construction. >> so juan nubol there talking about the last decade. he was the guy that tried to buy 300 kilometers of ice and is we'll talk about that a little later, as well. clear now there is a hope for reform. i'm pleased to say kung mingh, the founder of lenovo who bought the business from ibm, he explained to eunice what he wanted from private reform to help private business in the country. >> translator: my view is that the chinese government should adopt a more systemic and comprehensive approach, for example, how to escape a better sense of reform in this country so that the public will have more confidence in ensuring the culture of mutual trust can be established. >> what's interesting is that this group, also becoming more influential in political circles. we'll hear a little later from the
're going to talk markets, the economy and much, much more. stay tuned for that and a lot more. >>> welcome back. now to the markets. it's going to be a big weekend ahead. joining us, lou brian. lou, place your betts. more likely up or down for the dow this week? well, you know what? i tend to look technically at the s&p instead of the dow. >> how about the s&p? it's a broader market index, even better. >> all right. i think that the interesting thing is that where the s&p held last week, this 1540 is a mark that held in march and early april and, again, last week, we went just a little below it. also in play around that level is the 50-day moving average which held the market a couple of times. if you're looking to get long on a tray, that's not a bed level because you kind of know where you're wrong when it goes underneath that. i think the interesting thing with the stock market is that it's really the only market right now that's playing along with the fed's qe brochure. don't fight the fed. buy on fed accommodation. the crude oil, the gold, copper, various commodities are lower since t
. we had enough bellwethers, in tech and items, other areas of the economy to get an idea how earnings are going. what does that tell but the overall economy, what we've seen so far with earnings, john? >> our view is we're still in very luggish growth and real opportunities are coming out of the easy money policies of the central banks along with the emerging middle class in the developing world and so we're looking at, we're very bullish on commodities. we're very bullish on companies that produce those. companies that are helping find oil, that have sophisticated technology in the oil service area. we think the overall market is really still in a secular trading range that it has been in for the last 13 years and up at the upper boup drills of that. liz: john, are you spooked at all what seems years ago and it was earlier this week, the gdp of china missed estimates? it was lower than expected growth? and you still believe in commodities why? because a lot of chinese still need to be fed and need to build skyscrapers? what is the your focus here? absolutely. 7.7% gdp growth is still
worried about china especially about the economy after the lower than expected growth numbers that we saw this week. and he addressed that. he was talking a bit about the concerns about rising debt levels and he played those down. he played down the weaker growth. >> i don't think people should panic about chinese economy will continue to grow at the sustainable level. the government's target could be fulfilled without much difficulty and we aim at the quality of the growth. i don't think achieving 7, 7.5% is a big deal for china. i don't think so. >> the fund invests heavily in resources. i couldn't help myself from asking him specifically about gold. he believes the sudden drop in gold is general instability in the global economy. he hopes it comes back at some point soon. >> thank you very much. we were watching that and that's the perfect segue. we've been watching what's happening and it's important to see what the chinese think about this and no better person than cic chairman. we'll talk about gold and what's been happening not only with gold but also oil prices after yesterday slu
. the economy is getting worse. but the fed is all in. they're at 85 a month. now, maybe some people like jim bulllard are talking about doing more, but that's not on the fed's table right now. what's on their table is potentially tapering out of the 85 a month when the market wants more. the market is stuck. they want more from the fed, because the economy is weakening, or they want the economy to rebound and nothing's happening and we jump around all over the place. >> warren, what do you think? you've been constructive on this market all through the first quarter. you felt like there was more to go here. but do you feel like the psychology is changing with the volatility that we've seen this week? >> i'll tell you, this week has been a little bit troubling, and i have been pretty bullish up until this point. when you tend to see days like this, where the day after day, up and down bid on the dow, 100-plus point move on any given day, that's a sign that this market is truly struggling. >> are you rethinking your bullish position, at least for the short-term? >> a little bit. i think the thi
? >> my instinct tells me that the answer is no, that in economic terms i think the market, the economy at large will move beyond this relatively quickly. but at the same time, there may be some lingering impact in terms of investor sentiment. the sell-off clearly that occurred on friday and then again on monday, in my opinion, was a reassessment of the pace of global growth. important to point out that most of the weakness yesterday was already in the market before the bombings took place. but clearly, there is an impact on investor sentiment, a reminder that it's a dangerous world. and so you may see a little bit less of a risk appetite going forward. in economic terms, i think we'll move beyond it fairly quickly. >> yeah. john, i guess you would ask, at this point, you wouldn't think that consumers would change behavior based on this. it could potentially aveng -- i don't know, whatever group you want to talk about, jonathan, restaurants or any type of tourists activities. nothing to expect at this point, do you think? >> if you said to me are consumers going to be spending time watc
, and in a fairly weak economy since then did that says people about you hard correspondence they receive from businesses. they want that information in hard copy and they are resisting the idea of going totally digital. we have heard anecdotally a lot of people that did do that and either missed a payment and they have said start those bills back up again. do not write the obituary for first-class mail. it delivers a lot of value for the sender and receiver, and it accounts for $28 billion worth of revenue for the postal service today, and i guarantee it will be around for a long while. the most promising part of our business in terms of growth is package delivery, which is up more than 14% over last year's. we have created much of a credit by innovating and marketing new offerings, and we are benefiting from the big rise in e-commerce. andway people use the mail deliver service is changing it and is an exciting, and these changes will create opportunities for growth for the postal service and drop the entire mailing industry. the postal service is a tremendous organization, with the exceptio
. i know lgt runs some money that's invested into the russian economy. tell us a little bit about the character of this market and whether you can put cash to work here and feel comfortable that you are going to get a return. >> yep. we are invested in the russian market. but it's true, we have a lower allocation to it. the 11% toe 2% sounds quite low. it is a difficult way to access the markets. we see fundamentally from the point of view a strong currency. you look at low valuation, you look at the current surplus, you look at growing middle income class, which wants to consume, so key market indicators are actually strong. the challenge is much more the investment type. so we look at a narrow market, the way you invest is mainly into oil and energy companies. which most of them are state owned to the majority, so we end up being minority investors. what that means is it's still difficult for to us play to the russian growth topic investmentwise. what we can do is we can look at valuation, we can look at it from an optimal point of view. we can see if there is opportunities whic
. that will be the biggest day for me because they're the big indicators of how the global economy is doing overall. speaking of the global economy, caterpillar if this was clearly a disappointment and the guidance was disappointment and they telegraphed it a little and the stock's been up and the dow this morning and the two things here, number one, he's coming on and talking about stability and that's the key word on our air on cnbc and a lot of people have noted the drop in mining. mining was down 25%. sales in the mining division, second most important was down 25%. i think a lot of people have got that already set up. remember, this is heavily shorted stock and it was $100 two months ago and it's $80 today and a lot of people anticipated what's going on. let me mention apple very quickly. the hope here is for a special dividend, increase the dividend to over a 3% yield and start with the big buyback. that's the big hope there. nobody's expecting them to blow the cover off of any of these numbers and all of them have been coming down. >> guys, back to you. >> watching microsoft continue to gain now up 4.
again and ain, they can't grow the top line because the economy isn't supporting that. what do you do? how do you respond to that? how do you protect your money? >> well the thing is you have to understand, actually mark hit on a great point, since 2009 revenuesnly grown by about 7% of the earnings have grown by almost 230%. the disparity's come from things like stock buybacks, accounting gimmickry in terms when do we account for stuff and when we don't. and so what drives corporate growth in the stock markets over the long term is that top line revenue, sales. that's what we node to see. that is what --. melissa: lance, i know that, tell me how do i protect my wealth in light of that? i hear what you're saying but you're reiterating what the guys before you said. we already agree with that. how do i protect my money >> i know. the point is we're telling you the strength of the economy the economy is getting a lot weaker here. all recent data shows it. it means cash and fixed income will perform better most likely over nt six to nine months while we g through this process. melissa: ca
is a realization now that the market is probably well ahead of itself, based on what the economy is, based on what we're seeing happening around the world in china, certainly what's going on in europe. so the fact is that investors all of a sudden are deciding, geez, we better start paying attention to this news, becausing the market is well ahead of itself. so what you're seeing is the market backing off and really coming back or trying to come back to a state of equilibrium between where the economy is and where the market should be. the whole boston thing and boston marathon and that down in d.c. is certainly adding some angst to the market, but that's not the reason the market is off 170 points. part of it is much more technical just in terms of market action. >> but, michael, when we saw the market come off the lows, it happened to be when we thought there was an arrest. is that a coincidence with the markets? >> i think to some extent, there's going to be a little bit of a relief move if you see some kind of arrest really happen, but these deflationary pressures have been in play since the e
rates. it's tough to make money, michael yoshikami, when you're in that economy and markets are that low. >> it's impossible to make money on the margin. and i think it's important to recognize that what american express is probably getting hit on here is what's happening with tax rates, happened in the first quarter of this year, and the other issue that's really occurring is i think businesses are still holding back on spending. significant percentage of their revenue comes from businesses. and you know, on the long-term, also, we have to be very, very aware, american express, on the long-term, is going to -- >> they're having a fire drill here at the new york stock exchange. >> it was scheduled. >> pre-scheduled, exactly. it was scheduled already. so ignore the noise here happening around me. >> okay. >> very quickly, i want to get to bruce mccain as well, michael. finish your thought. >> my thought was, you have to be careful about companies like paypal, all these other very inexpensive swaywaways to colle money, it will be a hit on american express margins, eventually. >> bruce mcca
was not working. >> that's a good point. you thought maybe stand above all of the other lesser economies and the news did start to tighten. >> i thought it was the most important article in the paper. maybe they're breaking ranks [ bell ringing ] >> and his own jack lou? >> hard to tell. >> they are geniuses. >> i took economics, and i couldn't wait how long they were. >> there's the bell. s&p at the top of the screen. state street global advisers and blackstone celebrating the recent launch of the spider, senior loan etf. the texas independent producers and the royalty owners association doing the honors. you cannot start this market day, jim, without talking about netflix. a 25% move is a big move even on that name. >> that was a big short position. there was not a lot of stock that was out there. it's a very tight flow. >> a lot of people kept thinking that this is the quarter where we find that the bulge in new subscribers wasn't happening and there are other people who immediately point out, look, the cash flow is not that good and the 36 analysts who cover the stock only six are re
result. also what i liked is some of the bright spots that we see in an otherwise challenged economy. namely, the recovery of housing, particularly in our big housing states of california and florida. this has put an underpinning under consumer confidence and we see the preassumption of home construction, the energy situation in texas is very strong, lead to go an increase in pickup truck sales for us of plus 18%. we also had significant acquisitions in the quarter. in both phoenix and dallas, revenue run rate of 250 million, which when combined with last quarter is now over 800 million of acquisitions within the last six months and is, finally, and last but not leaf least, we've branded 0% of the company now under the flag of auto nation and the branded markets, even though we walked away from some names that were 80 years old, improved share right out of the box. >> that's what i was thinking, you know, wayne has been trying to get you to do that for a while and you finally listen to him and then you get the best quarter ever. >> yeah, you know, i should always listen to wayne soon
economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: 27 runners and thousands more spectators had turned out for the boston marathon today when terror erupted. two bombs exploded, and authorities said two people were killed and more than 50 others were wounded. (sirens). within minutes of the blast, wheelchairs and stretchers were ferrying victims up and down boylston street, the home stretch of the oldest marathon race in the world. amid the chaos competitors, race volunteers and spectators ran from the scene in shock. >> i went over there. there were body parts. people were blown apart. they're dead. where the wind owe is, the windows were all blown out. >> ifill: the attack came about thr
. al, what do you make of that? we were given that they were at least clawing back. >> the economy is never as good as people say it is. the housing market is never as good as people say it is, think of this, we have interests below 4%, f most to go out get a mortgage, housing market should be streaming back we're seeing a large percentage of sales dominated by visitors, there is still a foreclosure crisis going on, unemployment is still high we have not by any stretch of the imagination seeing what seem people call a recery. neil: we're well off the matt from lows. any trend or any improving trend looks good. when it is disrupted we feel bad. >> no, but i think that al's comment, ner as good as they say it is but never as bad, whole market has been en few fuego, have a tried to get a motorrage lately. -- mortgage lately. i tell you, they are not lending credit, and demand is not there for creditworthy borrows either, because people are not making more money, and businesses are not hiring. neil: tomorrow, you are jumping gun we talking about proctologists who offer mortgages. >> i
, with difficulty in keeping together the chavez coalition in resolving the deep problems of the economy in light of a devaluation in resolving the atrocious situation of crime and violence in the country. how he will keep those very factions of the party together and at the same time tackle these very deep seated problems is really a big question. i think it leaves open the possibility for a great deal more instability. >> suarez: it sounds like it's going to be difficult to run venezuela, whoever takes the loath of president. 30-plus percent inflation, high crimes. those facts. >> 20% last year. it's picked up a little in the last few months but or significantly in the last few months. i think that was part of the problem for maduro. i think there are serious challenges ahead. we don't want to exaggerate them too much. for 14 years, the business press has been saying that the venezuelan economy is going to collapse. it never did. it won't either. they always say it's unsus sanable. that's what we had in 2006 when you have an $8 trillion housing bubble and anybody who is looking at it which did
the same with gold. i think the drop in gold is a very positive signal for the longer term economy. but i think these events coming together so rapidly, what went on in boston and the gold crack up and you mentioned commodities, it has given people an excuse to take whatever, 5% to 7% breather in stocks. >> i think that's a good point. what we don't talk about, money coming out of gold is not a bad thing. it's a positive thing in the long run for equities. other commodities especially oil, gasoline prices come down 17% from their peak. i think that's going to be a positive in the economy. so you have to look at the bright side of some of these things. but you're right, it's impossible to separate the emotional from the economic. and we have both going on. a tragedy occurred. it's hard to separate both. >> emotion plays a big role in the stock market. art, thank you very much. we'll resume our coverage of the boston marathon bombing investigation when the kudlow report comes right back. maxwell is not. he's on geico.com setting up an appointment with an adjuster. ted is now on hold with hi
western economies are not looking good at all and many of them are in contraction. so it's a bit of a mixed picture. we're not that certain. investors have money to allocate to right now go for gold and silver first before looking at other commodities, except, perhaps, natural gas equities and they're extremely trading, many of them trading well below book values. that's another dpesed opportunity. >> always good to have you on. martin hennecke, associate director at type. >>> shares of softbank after someone made a competing bid for sprint. but softbank remains determined says it is still the best on the table. fashuiko has the story for us from tokyo. >> hi, ross. dish may be giving them a run for their hone, but softbank is still confident of its $20 billion bid for strength. softbank said its choice to invest in sprint is superior to the offer made by dish. it expects to close the deal on july 1st with its original plan. softbank's $20 billion deal to acquire 70% of sprint reached agreement by the two companies in october and is now under review by the u.s. federal communicat
does, and he believes -- he actually says the economy is not bad for their customer base as you might think. in an environment like this malone cease cheap money and the ability to lever up cash flow-producing businesses and he will keep doing that and liberty global will be leveled high. you get to some high levels in terms of how much debt versus how much cash flow you have. nonetheless, that's a strategy and that continues to be one. >> use it. use it. use it. >> everyone always talks about how they've got to go overseas and then they pay too much. here's a guy who is going in and he's not paying too much. he is down substantially and any time you ever listen to a conference call, it's, like, woe is me, and here's a guy that says i'm taking advantage of it and that means to me that there will be a bottom because he's too smart to bet against them. >> we'll meet coat-directors of a documentary on bernie madoff said to premiere at new york's tribeca film festival. the dow is down 108, reversing what we got yesterday. back in a minute. ♪ ♪ [ male announcer ] how do you engineer a
will provide to our country, to our economy, to our security. and we agree with those, coauthors of the legislation in the senate who have made the point in recent days that enhancing our security is one of the reasons why we should press forward with comprehensive immigration reform. >> senator rand paul, republican from kentucky joins us now. you heard jay carney's answer there, is he ignoring or dismissing your concerns? >> well, i'm not sure they are make attention to what i'm asking. i think there needs to be a significant part of of the debate over immigration reform needs to be over national security. i'm not even saying delay it, i'm just saying make it mart of the debate. that may mean that the debate takes longer. we had two refugees admitted, the same way these brothers were admitted to my town, bowling green, kentucky even, an, and they were accused of buying missiles, and having tp-fps on an exploded ied several years before they were admitted. we are not doing enough scrutiny on student visas and refugee talents. press canceled a program where 25 countries were targ
new york city's economy, and attract visitors back to lower manhattan. 12 years later the festival has screened more than 1,400 films from over 80 different countries. it's also attracted an international audience of more than 4 million attendees and generated more than $460 million for the city of new york. with us now, robert de ro and janeosthaul. welcome. >> thank you. >> jane, begin with you. has it done everything you hoped it would do because the idea as i said int w bring back and revive a city. >> it's done everything we hope and more when you look at what's happened to downtown manhattan. there's several new schools that have opened up in the past 11 years and more buildings are going up on the site and the memorial's open, so it's quite amazing. >> bob, would you say to boston find something like this that you can do because it will help a city come back? >> oh, yeah. of course, of course. absolutely. >> what is it about film that he he helps? >> obviously it takes your mind off whatever you're involved with at the moment. >> right. >> it relieves you -- you see other proble
can live with that. many people believe this will make our information and economy quite safer. is a: catherine lotrionte professor at georgetown university and has been talking to us about cyber security and privacy. thank you for being on the program. guest: thank you. host: coming up, we will talk about an investigation into the gaps and oversight of compound pharmacies. today is saturday, april 20. we will be right back. >> i strongly urge you to come up with a number that tells this committee and the american people -- we have a responsibility as well. for you to say, we're just going to see how things turn out, he will determine the size of the 2014 force, i believe is a tragic and terrible this date for which we may pay a very heavy price -- mistake for which we may pay a very heavy price. tosenator, i didn't say leave it completely vague. we are advising and assisting at the battalion level. were going to lift off at the brigade level this fall. the 2014 number is inextricably linked to the number we believe we need to provide to assist post 2014. >> you have to wait till 201
. an educational mecca, health care mecca. we're an innovation economy mecca. and this may have made us a likely target for what happened at the boston marathon on monday. >> thank you very much for joining us. he is with boston globe, which has been putting out a lot of the information we have been following since monday. >> dow looks like it would open up 22 points. s&p up 8 points. nasdaq by 22 points. and a business story of notes and breaking news. dell's special committee is confirming it has received a notice from blackstone group. sit withdrawing from the bidding process. blackstone will not submit a definitive proposal to buy the company. they submitted an indication of interest for 25eu billion offer in march. a letter saying that it "found a significant number of issues that surfaced since we submitted our letter of proposal on march 22nd." specifically i should note an unprecedented 14% market decline, the steepest drop in history. they are now saying is inconsistent with management's own projections for growth. ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come i
Search Results 0 to 29 of about 30 (some duplicates have been removed)